Episodios
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3004:
Chris Reining's exploration of risk and reward illustrates how calculated risk-taking, as seen in Arnold Schwarzenegger's multifaceted career and real estate investments, paves the way for growth and success. He delves into tailoring investment strategies to personal risk tolerance, emphasizing the balance between safety and potential returns, and highlights the importance of long-term perspective in weathering market volatility.
Read along with the original article(s) here: https://chrisreining.com/risk-reward/
Quotes to ponder:
"Safety is fine, just be aware risk gets the rewards."
"My intention was to minimize my future regret. So I split my contributions 50/50 between bonds and equities."
"If there was a way to make money hand over fist with no risk wouldn’t everyone on the planet be rich?"
Episode references:
The Investor’s Manifesto: https://www.amazon.com/Investors-Manifesto-Preparing-Prospering-Rational/dp/0470505141
Tools of Titans: https://www.amazon.com/Tools-Titans-Billionaires-World-Class-Performers/dp/1328683788
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3003:
Kelley Long shares practical advice for navigating the complexities of hiring a tax professional. Whether you're a self-employed entrepreneur or have straightforward tax needs, she clarifies the roles of tax preparers, EAs, and CPAs, and offers actionable tips to ensure you find the right expert to save time, money, and stress.
Read along with the original article(s) here: https://www.financialfinesse.com/2017/04/26/how-to-find-a-good-tax-preparer/
Quotes to ponder:
"Pretty much anyone can call themselves a tax preparer, although the IRS has started to regulate that by requiring people who accept payment for preparing taxes to have a PTIN."
"If time is money, then the money we pay our accountant to prepare and file our taxes is money well spent."
"The sad fact is that there aren’t a lot of CPAs out there that actually want to do income taxes for regular families who just have jobs, kids, a house, and a few charitable donations."
Episode references:
Illinois CPA Society: https://www.icpas.org
National Association of Enrolled Agents: https://www.naea.org
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¿Faltan episodios?
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3002:
Leo Babauta outlines a practical system to make habits stick by addressing common obstacles like loss of enthusiasm, distractions, and negative self-talk. By starting small, creating strong accountability, and setting up reminders, you can effectively overcome these challenges and turn new behaviors into lasting habits.
Read along with the original article(s) here: https://zenhabits.net/stick/
Quotes to ponder:
"Your mind says, 'This is too hard!' or 'Skipping it this time won’t hurt!' These are just weaselly ways to get out of discomfort."
"Don’t negotiate with these terrorists. Notice when these thoughts come up, and banish them."
"Start small. Keep the habit very small. As small as possible, until it becomes your new 'normal.'"
Episode references:
Good Habits, Bad Habits: https://www.amazon.com/Good-Habits-Bad-Science-Positive/dp/1250159075
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3001:
Kumiko Love explores the pervasive culture of instant gratification and its impact on finances. She offers practical tools like Shopping Lists, Wait Lists, and Instant Gratification Wish Lists to help you cultivate patience and make thoughtful spending decisions. By focusing on delayed gratification, you can achieve financial goals while still enjoying occasional treats without guilt.
Read along with the original article(s) here: https://www.thebudgetmom.com/instant-gratification-wish-list-becoming-a-patient-spender/
Quotes to ponder:
“Getting what we want right now does not make our lives better LATER.”
“Delayed gratification is being kind to your future self.”
“The goal with the Instant Gratification Wish List is to turn the ‘Instant’ into ‘Anticipated.’”
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3000:
In "7 Rules for Growing Slow (But Sustainable) Wealth," the editors of GetRichSlowly.org outline a clear framework for building lasting financial security. From prioritizing net income over gross, to diversifying income streams and leveraging investments strategically, these principles emphasize steady, long-term growth. The goal is not overnight success, but a decade-long journey towards financial independence through discipline, risk tolerance, and smart scaling.
Read along with the original article(s) here: https://www.getrichslowly.org/7-rules-for-growing-slow-but-sustainable-wealth/
Quotes to ponder:
"Think net instead of gross increasing your net income by lowering your taxes is no different than raising your gross income."
"Create budgets to save some and invest the rest. This by itself is a savings account with minimal risk that leads to much better returns."
"Scaling is your ability to add different types of investments to your portfolio based on the size of your wealth."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2999:
Discover when refinancing your mortgage could be a smart financial move and when it might not be worth the effort. This guide demystifies key factors like interest rates, loan terms, and closing costs to help you make informed decisions that align with your financial goals.
Read along with the original article(s) here: https://marriagekidsandmoney.com/when-it-makes-sense-to-refinance-your-mortgage-when-it-doesnt
Quotes to ponder:
"Refinancing isn't always about lowering your interest rate; it's about aligning your loan with your long-term financial goals."
"The savings from refinancing depend on how long you stay in the home after the refinance closes."
"Don't let lower rates fool you into forgetting the upfront costs - it’s the overall picture that counts."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2998:
Craig Stephens explores various "minus your age" rules for determining a balanced stock-to-bond portfolio allocation. By adjusting the formula constants (100, 120, 130, or up to 140), investors can align their strategy with personal risk tolerance and investment horizons. With a flexible and data-backed approach, Stephens emphasizes that these rules of thumb serve as guidelines rather than strict laws, highlighting the importance of adjusting allocations over time as circumstances change.
Read along with the original article(s) here: https://www.retirebeforedad.com/minus-your-age-rule-asset-allocation/
Quotes to ponder:
“Personal finance is littered with rules of thumb but devoid of concrete laws.”
“Age should influence stock-to-bond allocation, and we should increase bond holdings as we age.”
“Even if you reach your target asset allocation, the next day it will change when the market opens.”
Episode references:
The Little Book of Common Sense Investing by Jack Bogle: https://www.amazon.com/dp/0470102101
Vanguard Research: https://investor.vanguard.com
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2997:
Tyler Tervooren explores the hidden stress that comes with focusing on productivity and hourly earnings, revealing how it can unintentionally bleed into every aspect of life, even leisure. He emphasizes the need to prioritize creative downtime and personal moments to truly enhance productivity and happiness, suggesting strategies to balance efficiency with fulfillment.
Read along with the original article(s) here: https://www.riskology.co/productivity-vs-creativity/
Quotes to ponder:
"I was falling into a subconscious trap: putting a dollar value on every hour—even if those hours shouldn’t be compared."
"Will a painter create their best work doing nothing but mastering brush strokes, or do they need to spend time thinking about the purpose behind the strokes too?"
"Stepping back and looking at your work as a whole drives creativity. It helps you get out of your routine for a moment and look at the bigger picture."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2996:
Dr. Leif Dahleen debunks common financial misconceptions like "free" travel with credit card points, the necessity of budgeting, and the idea that everyone needs a side hustle. He explains how credit card rewards aren’t truly free and challenges the notion that earning more is always better than spending less, especially when taxes are factored in. His insights encourage intentional spending and a realistic approach to personal finance.
Read along with the original article(s) here: https://www.physicianonfire.com/money-myths/
Quotes to ponder:
“You might be inclined to consider these flights as ‘free travel,’ but the truth is that you could have $500 cash in your pocket instead.”
“A dollar saved is better than a dollar earned. Every $1.00 that you don’t spend is about $1.60 that you don’t have to earn.”
“Side gigs can be great for non-financial reasons but a main gig ought to be enough to support you and your family financially.”
Episode references:
YNAB (You Need a Budget): https://www.youneedabudget.com/
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2995:
Dr. Leif Dahleen challenges the concept of passive income, illustrating how many success stories labeled as "passive" are far from it. From real estate to blogging, he highlights the substantial effort often hidden behind these narratives, debunking myths around dividend investing, side hustles, and more. This eye-opening critique urges readers to rethink popular financial advice and to focus on realistic financial planning.
Read along with the original article(s) here: https://www.physicianonfire.com/money-myths/
Quotes to ponder:
"There is no shortcut to success. I worked many early mornings and late nights on my side hustles, especially early on."
"What she’s earning is active income. Blogging is work. It’s flexible and fun work, but I doubt there were many weeks where I didn’t spend at least 20 hours doing something."
"Yes, it can be profitable, and some of the work can be outsourced, but it’s way too much work for the word 'passive' to be anywhere near it."
Episode references:
NIIT Tax Information: https://www.irs.gov
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2994:
Antonia Collins explores the emotional and practical challenges of decluttering, particularly the guilt of wastefulness. She offers actionable strategies like donating, selling, and changing your mindset to make decluttering a positive and liberating experience. This article inspires readers to embrace simplicity while letting go of regret for past decisions.
Read along with the original article(s) here: https://balancethroughsimplicity.com/how-to-declutter-without-feeling-wasteful-is-decluttering-a-waste-of-money/
Quotes to ponder:
"The waste comes when you purchase an item unwisely. Getting rid of something unworn for years doesn’t waste money less than buying it in the first place."
"Shift your thoughts from a negative mindset and replace it with positive hope for the future and what a clutter-free home will give you instead."
"Be kind to yourself, take power over your stuff instead of letting your stuff hold power over you."
Episode references:
You Need a Budget (YNAB): https://www.youneedabudget.com
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2993:
Courtney Carver offers a compassionate guide to breaking free from impulsive shopping patterns. She shares eight practical, judgment-free strategies to align your spending with your values, simplify your life, and foster intentional habits that nurture both your wallet and your well-being.
Read along with the original article(s) here: https://bemorewithless.com/shopping-habits/
Quotes to ponder:
"Instead of finding gratification in owning, find it in appreciation for the item."
"You’ve already paid enough with your money, time, attention, energy, and emotions. You don’t have to continue paying with guilt."
"Simply becoming more aware of how you spend and why you buy will allow you to shift your shopping habits with more ease."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2992:
Dave of AccidentalFIRE.com explores how sensationalized media and misplaced fears can lead to poor decision-making, particularly regarding child safety and financial risks. By comparing perceived versus actual threats, he emphasizes the importance of focusing on long-term risks and cultivating a rational approach to financial independence.
Read along with the original article(s) here: https://accidentalfire.com/2017/12/19/sensationalizing-risk/
Quotes to ponder:
"Sure, in some cases knowledge can perhaps prevent injury or even death, but don’t fool yourself into thinking you can eliminate risk from your child’s life."
"Most people seem to focus on the possible short-term threats to their financial security, and ignore the longer term ones."
"To stay on track financially, you should assess the likelihood of a particular risk as compared to others especially with the timelines involved and act accordingly."
Episode references:
The Science of Fear: Why We Fear the Things We Shouldn't--and Put Ourselves in Greater Danger: https://www.amazon.com/Science-Fear-Shouldnt-Ourselves-Greater/dp/0452295467
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2991:
Mr. 1500's story of "Bad Car Bill" highlights the power of frugality and resisting lifestyle inflation. Bill’s modest choices driving a clunker, packing lunches, and avoiding flashy expenses allowed him to quietly accumulate wealth while peers squandered theirs. This thought-provoking tale challenges us to reconsider the allure of materialism and embrace financial wisdom.
Read along with the original article(s) here: https://www.1500days.com/the-tale-of-bad-car-bill/
Quotes to ponder:
"The consultants were a fascinating bunch to watch. They had no trouble finding ways to blow all of their new wealth very quickly."
"Bad Car Bill lived the frugal life, saving and investing his money. Same old clothes, same old car and same old lunch in a paper sack from wherever home was."
"Every once in a while, I think back on my days at that job, sitting on the patio at work eating lunch, I like to think he was laughing on the inside at the rest of them."
Episode references:
Mr. Money Mustache Blog: https://www.mrmoneymustache.com
The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2990:
Paula Pant challenges the "everyone has debt" mentality, urging readers to focus on whether debt is beneficial rather than normal. By highlighting the opportunity cost of debt and the importance of intentional financial choices, she advocates rejecting societal norms in favor of long-term financial health.
Read along with the original article(s) here: https://affordanything.com/reject-the-everyone-has-debt-mentality/
Quotes to ponder:
"Everybody has car loans, everyone has credit card debt, everyone has student loans, but it wasn’t until I added all these balances up that I knew we had a problem."
"This mentality, the 'everyone has debt' mentality, is dangerous."
"Reject the normalization of debt: focus on making good choices, not common ones."
Episode references:
Clark Howard's Money Blog: https://clark.com
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2989:
Kalen Bruce explores two powerful strategies for paying off debt - the debt snowball and the debt avalanche. By comparing their benefits and drawbacks, this article empowers you to choose the method that aligns with your financial goals and motivation style, whether you crave small wins or want to minimize interest payments.
Read along with the original article(s) here: https://moneyminiblog.com/debt-relief/pay-off-debt-snowball-vs-avalanche
Quotes to ponder:
"If you become debt free, you win. It doesn’t matter which method you used once you are debt free."
"Personal finance is less about the math and more about behavior, habits, and mindset."
"Sometimes the right method may not make the most sense on paper, but if it works, you still win!"
Episode references:
Dave Ramsey's The Total Money Makeover: https://www.amazon.com/Total-Money-Makeover-Dave-Ramsey/dp/1595555277
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2988:
FIRECracker of Millennial-Revolution.com shares how comparisons can derail your journey to financial independence. Instead of measuring yourself against others, focus on your own progress and celebrate each milestone. The FIRE journey is about growth, not a race to the finish line, and cherishing small victories can keep you motivated and fulfilled along the way.
Read along with the original article(s) here: https://www.millennial-revolution.com/build/dont-let-comparisons-derail-fire-journey/
Quotes to ponder:
"Comparison is the thief of joy. Don’t compare your beginning with someone’s middle or end."
"Your FIRE journey is about growth and progress. It’s about celebrating all the wins along the way."
"If you don’t do it, the time will pass anyway. Would you rather be richer in 10 years or exactly where you are now?"
Episode references:
The Simple Path to Wealth by JLCollins: https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2987:
Barney from TheEscapeArtist.me draws an insightful parallel between winning at Monopoly and managing personal finances effectively. By focusing on strategic investments, avoiding distractions, and playing the long game, individuals can set themselves up for financial success. The message is clear: adopting a Monopoly mindset buying assets, avoiding debt traps, and holding investments can dramatically improve one's financial well-being.
Read along with the original article(s) here: https://theescapeartist.me/2023/12/09/if-more-people-did-money-like-they-play-monopoly-theyd-be-a-lot-better-off/
Quotes to ponder:
"Imagine playing Monopoly and never buying assets or investments that generate income. This is how most people live their life."
"You already know how to win at Monopoly. But you only really know it if you do it."
"Get rich slowly, get started quickly."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2986:
Dr. Ashley Burkman from Smart Money Mamas.com delves into the often-overlooked expenses associated with childbirth, offering valuable insights for expectant parents. From understanding insurance deductibles to choosing between hospitals, birthing centers, and home births, she guides couples in making informed decisions to manage maternity costs effectively while preparing for the unexpected.
Read along with the original article(s) here: https://smartmoneymamas.com/maternity-medical-costs/
Quotes to ponder:
"Even with a birth plan, having a Plan B or Plan C for alternative scenarios like complications is helpful."
"If your pediatrician does not make you feel supported, pick a different doctor."
"It's better to over-prepare than to be underprepared when it comes to medical costs."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2985:
Fritz Gilbert explores how small financial decisions can significantly impact long-term wealth. By harnessing the power of compound interest, even modest savings can snowball into substantial retirement funds. Whether you're just starting your career or nearing mid-life, strategic saving can transform your financial future and ultimately help you achieve that millionaire milestone.
Read along with the original article(s) here: https://www.theretirementmanifesto.com/56-so-you-want-to-be-a-millionaire/
Quotes to ponder:
"One decision, early in life, compounded over many decades, has a profound impact on your long term financial wealth."
"Recognize the impact your small purchases make when compounded over time."
"Do it long enough, aggressively enough, intentionally enough, and you will become a millionaire."
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